WorldCat Identities

Hassett, Kevin A.

Works: 82 works in 409 publications in 1 language and 4,741 library holdings
Genres: Conference papers and proceedings 
Roles: Author, Editor, Other, Interviewer
Publication Timeline
Most widely held works by Kevin A Hassett
Dow 36,000 by James K Glassman( Book )

8 editions published between 1999 and 2000 in English and held by 503 WorldCat member libraries worldwide

Describes the Dow's upward trend, why stocks can be less risky than bonds, and how to build a portfolio based on that knowledge
Tax policy and investment by Kevin A Hassett( Book )

15 editions published between 1996 and 1999 in English and held by 279 WorldCat member libraries worldwide

This book studies topics relating to fundamental tax reform. The topics include, among others, the effects of taxation on household saving, the effects of reducing taxes on individuals' work effort, issues in the taxation of financial services, and international issues in consumption taxation
Transition costs of fundamental tax reform by Kevin A Hassett( Book )

4 editions published in 2001 in English and held by 244 WorldCat member libraries worldwide

Transition costs surround debates over fundamental tax reform. Calculations of transition costs have followed the setup pioneered by Alan Auerbach and Larry Kotlikoff. In this volume, the authors focus on the most critical transition issues from the political perspective
Inequality and tax policy( Book )

6 editions published in 2001 in English and held by 207 WorldCat member libraries worldwide

Bubbleology : the new science of stock market winners and losers by Kevin A Hassett( Book )

12 editions published in 2002 in English and held by 129 WorldCat member libraries worldwide

There are only two types of stocks: those safe from bubbles and those that are not. This is a fact of investing many discovered as they saw their fabulous gains whittled away by the extreme calamity of the Internet sector. But what about the future' Is there a way for investors to capture the enormous potential for profit that exists at the frontier of the economy, the place where innovation and genius operate, without placing their fortunes in jeopardy' Is there a way to evaluate price increases'and declines'and identify whether they are happening for good or bad reasons' Bubbleology makes it possible to separate the winners from the losers. It is a brilliant, practical, and original analysis of the stock market that bashes the conventional wisdom about bubbles, showing that such famous examples as Tulipomania were not, in fact, bubbles at all. Bubbleology shows that the traditional way of evaluating risk'equating it with volatility'is inherently flawed and incomplete. If a stock fluctuates a lot in price it is regarded as risky. If the price is stable, then it is not. What this simplistic way of thinking leaves out is the simple fact that companies trying something completely new that may fundamentally alter the economic landscape are operating at the frontier. The stock of such a company swims in a sea of ambiguity, its circumstances uncertain, since there is little to provide guidance about the future. But when nobody knows for sure what will happen, pundits tell us again about Tulipomania, the South Seas Bubble, and now the debacle of the Internet to scare investors away from potentially enormous profits. To realize those profits, however, investors have to understand the role that uncertainty and ambiguity'the absence of reliable information about future events'play in the modern stock market. Those who equate ambiguity with bubbles will miss the great opportunities of the future. Bubbleology provides a new way to observe what is really going on in the market, enabling you to understand whether a stock or a sector is suspicious'whether it is in a bubble and therefore something to be avoided. Finding bubbles requires knowing where to look and what to look for. Bubbleology will help you avoid both streaming into speculative manias and shying away from perfectly good business opportunities. It tells you why you need to avoid both pontificating pundits and overconfident stock analysts. With this unique and forward-thinking book, you can inspect suspicious stocks, accurately discern risk, and diagnose a blossoming bubble before it vanishes along with your money. From the Hardcover edition
The magic mountain : a guide to defining and using a budget surplus by Kevin A Hassett( Book )

9 editions published in 1999 in English and held by 115 WorldCat member libraries worldwide

Inflation and the user cost of capital : does inflation still matter? by Darrel Cohen( Book )

15 editions published between 1997 and 1999 in English and held by 92 WorldCat member libraries worldwide

In the late 1970s, many economists argued that the deleterious effects of inflation on the user cost of capital for U.S. firms were large. Since that time, the tax code has changed, the level of inflation has dropped significantly, and the of investment has evolved considerably. In this paper, we demonstrate that the net effect of these changes has--under reasonable assumptions--not relegated inflation to the sidelines. Indeed, we conclude that: (1) inflation, even at its relatively low current rates, continues to increase the user cost of capital significantly; (2) the marginal gain in investment in response to a percentage-point reduction in inflation is larger for lower levels of inflation; (3) the beneficial effects for steady-state consumption of lowering inflation even further than has been achieved to date would likely be significant; and (4) inflation has only a small impact on intratemporal distortion in the allocation of capital within the domestic business sector. We also show that the magnitude of the inflation effect on the user cost of capital is likely much smaller in open economies
Tax reforms and investment : a cross-country comparison by Jason G Cummins( Book )

15 editions published between 1995 and 1996 in English and held by 79 WorldCat member libraries worldwide

We use firm-level panel data to explore the extent to which fixed investment responds to tax reforms in 14 OECD countries. Previous studies have often found that investment does not respond to changes in the marginal cost of investment. We identify some of the factors responsible for this finding and employ an estimation procedure that sidesteps the most important of them. In so doing, we find evidence of statistically and economically significant investment responses to tax changes in 12 of the 14 countries
Are investment incentives blunted by changes in prices of capital goods? by Kevin A Hassett( Book )

12 editions published between 1998 and 1999 in English and held by 78 WorldCat member libraries worldwide

Recent research on business investment decisions suggests that real investment in plant and equipment is quite sensitive to changes in the user cost of capital, pointing to the possibility that long-run changes in tax policy may have a significant impact on an economy's capital stock. Indeed, many countries have at times adopted investment tax incentives to stimulate investment. The prevalence of investment incentives suggests that local policymakers believe that incentives are effective in increasing investment at a reasonable cost in terms of lost revenue for a given increment to investment. In this paper, we explore this issue by estimating the extent to which countries are price-takers in the world market for capital goods. We find that most countries -- even the United States -- likely currently face a highly elastic supply of capital goods, suggesting that the effect of investment incentives on the price of investment goods is small. Hence efforts of long-run changes in investment tax policy are likely to materialize in real investment rather than simply being dissipated in changes in capital-goods prices
Taxation and corporate investment : the impact of the 1991 Swedish tax reform by Alan J Auerbach( Book )

16 editions published between 1995 and 1996 in English and held by 73 WorldCat member libraries worldwide

In 1990, the government of Sweden introduced a major tax reform to take effect in 1991. The Swedish system prior to the legislation was so complex that the size and magnitude of the likely effects of the reform on incentives to invest were unknown. In this paper, we draw on ödersten (1989) and Auerbach and Hassett (1992) and derive an expression for the user cost of capital that captures the essential features of the Swedish tax code both before and after the reform. We estimate the model for investment in equipment and find that the responsiveness of Swedish firms to the user cost is quite similar to that found for the U.S. Finally, we employ our model and estimates to assess the effects of the 1991 reform. We find that the impact of the reform on investment is likely to have been minor and had little to do with the contemporaneous sharp drop in investment
Audience Level
Audience Level
  Kids General Special  
Audience level: 0.48 (from 0.28 for Dow 36,000 ... to 0.72 for Tax reform ...)

Dow 36,000
Alternative Names
Hassett, K.

Hassett, Kevin

Hassett, Kevin Alan

Kevin Hassett economista estadounidense

Кевін Хассетт

Хассетт, Кевин


English (114)

Tax policy and investmentTransition costs of fundamental tax reformInequality and tax policyBubbleology : the new science of stock market winners and losers